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Daily Debrief: What Happened Today
The controlling shareholders of CWT are mullling an exclusivity agreement to negotiate a sale of their stake in the logistics and commodities trading company to China's HNA Group, market sources told The Business Times.
Singapore and Australia have inked a landmark agreement to collaborate in areas such as economic integration, defence and promoting innovation as well as facilitating tourism, cultural exchanges and educational opportunities.
The TechSkills Accelerator, a skills development and job placement initiative introduced during this year's Budget, will be the "umbrella framework" for information and communications technology (ICT) related training programmes and career development for all ICT professionals - and will help Singapore develop a "world-class ICT workforce".
Singapore's biggest banks are in talks about setting up a system for sharing information on prospective clients, in an effort to combat money laundering in the city- state.
The Singapore Business Federation (SBF) agrees that Asia-Pacific Economic Cooperation (Apec) economies should push for structural reforms as this will benefit the region at large over time, as well as Singapore companies.
JTC has awarded the tenders for two industrial sites at Tampines Industrial Drive and Tuas South Link 1 to the highest tenderers, Hock Lian Seng Holdings and Diamond Land respectively.
- Higher finance costs push Cosco Corporation (S) to S$14.4m loss in Q1
- Wing Tai's Q3 revenue, profits slump
- OUE Hospitality Trust DPS falls 32% in Q1 on rights issue
- Rotary Engineering Q1 profit plunges
- Property developer GSH tips back into the black
The STI Today
"Sell in May and go away," that's what the old adage recommends. It's now ten days and counting - that's how long the Straits Times Index has been falling, during which it has lost 230 points or 7.8 per cent. This week's fall was 108 points or 3.8 per cent, including Friday's 37.01 points slide to 2,730.80.